Oppenheimer restated their buy rating on shares of Nutanix (NASDAQ:NTNX) in a research note published on Tuesday morning. The firm currently has a $43.00 price objective on the technology company’s stock.

Other research analysts have also issued reports about the stock. Vetr lowered shares of Nutanix from a strong-buy rating to a buy rating and set a $31.00 price objective on the stock. in a report on Monday, October 30th. Piper Jaffray Companies set a $28.00 price objective on shares of Nutanix and gave the stock a buy rating in a report on Monday, October 23rd. Robert W. Baird reissued a buy rating and set a $31.00 target price (up previously from $28.00) on shares of Nutanix in a research report on Monday, September 25th. Maxim Group reissued a buy rating and set a $41.00 target price on shares of Nutanix in a research report on Friday, September 22nd. Finally, Bank of America increased their target price on shares of Nutanix from $30.00 to $35.00 and gave the stock a buy rating in a research report on Monday, September 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $35.30.

Shares of Nutanix (NASDAQ:NTNX) traded down $0.11 during mid-day trading on Tuesday, hitting $37.84. 1,920,000 shares of the stock traded hands, compared to its average volume of 4,230,000. The stock has a market cap of $6,070.00 and a price-to-earnings ratio of -15.64. Nutanix has a 1-year low of $14.38 and a 1-year high of $38.80.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. The business had revenue of $275.60 million for the quarter, compared to analyst estimates of $267.02 million. Nutanix had a negative net margin of 40.81% and a negative return on equity of 271.31%. The company’s revenue was up 46.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.37) EPS. equities analysts expect that Nutanix will post -1.71 earnings per share for the current year.

In other Nutanix news, EVP David Sangster sold 5,892 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $36.32, for a total value of $213,997.44. Following the completion of the sale, the executive vice president now owns 12,500 shares of the company’s stock, valued at $454,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sunil Potti sold 10,000 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $26.87, for a total transaction of $268,700.00. The disclosure for this sale can be found here. Insiders sold 2,219,670 shares of company stock valued at $71,006,839 in the last ninety days. 19.81% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Scott & Selber Inc. acquired a new stake in Nutanix in the third quarter valued at approximately $1,398,000. Ameriprise Financial Inc. grew its position in Nutanix by 274.9% in the second quarter. Ameriprise Financial Inc. now owns 582,673 shares of the technology company’s stock valued at $11,741,000 after acquiring an additional 427,255 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Nutanix by 3,462.4% in the second quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock valued at $14,808,000 after acquiring an additional 714,257 shares in the last quarter. Lenox Wealth Management Inc. acquired a new stake in Nutanix in the second quarter valued at approximately $397,000. Finally, Great West Life Assurance Co. Can grew its position in shares of Nutanix by 1,837.8% during the third quarter. Great West Life Assurance Co. Can now owns 71,700 shares of the technology company’s stock worth $1,602,000 after buying an additional 68,000 shares in the last quarter. 34.13% of the stock is owned by institutional investors.

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About Nutanix

Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.

Analyst Recommendations for Nutanix (NASDAQ:NTNX)

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